BUSINESSDAY
Equities Gain N836bn As Investors Hunt For Value
Activities of bargain hunters continued on Tuesday at the Nigerian Exchange Limited (NGX), pushing the market higher by 1.45percent or N836billion at the close of trading. Shares of MTNN led the advancers league after rising from preceding day’s N221.40 to N243.50, up by N22.10 or 9.98 percent. Julius Berger also made the top advancers list… Read More
PUNCH
Federal Government To Set Standards For Electric, CNG Vehicles
The National Automotive Design and Development Council has announced plans to validate its National Occupational Standards for the conversion and maintenance of electric vehicles and Compressed Natural Gas vehicles. The Director-General of NADDC, Joseph Osanipin disclosed this during the validation workshop exercise for the draft of the… Read More
SUN
We Didn’t Lend N10trn To Federal Government – Pencom DG
National Pension Commission (PenCom) has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government. The Commission said it does not give loan to federal government nor any individual. The Director General of the Commission, Mrs. Aisha Dahir-Umar, equally responded to… Read More
THISDAY
Rail: Federal Government Secures $1.3bn For Completion Of Kano-Katsina-Jibiya-Maradi Project
The Ministry of Transportation has secured the sum of $1.3 billion for the completion of the Kano-Katsina-Jibiya-Maradi rail project. The move, according to the government, signifies a monumental step forward in the completion of the critical infrastructure, which it stated would strengthen the socio-economic ties between Nigeria and the Niger Republic… Read More
ECONOMY HEADLINES
SUN
Trade Facilitation: Customs Seeks Creation Of Export Terminal In Kano
The Nigeria Customs Service is pushing for the creation of an export terminal in Kano, a development that feeds into its economic expansion and trade facilitation agenda for the state and nation at large. The Comptroller General of Customs, Adewale Adeniyi, made the commitment during a courtesy visit to the Kano state governor, Abba Kabir… Read More
VANGUARD
Nigeria’s Crude Oil Output Drops 7% To 1.3m BPD
Despite efforts of the federal government, to increase oil production, the nation’s output, excluding condensate, dropped month-on-month, MoM by seven per cent to 1.3 million barrels per day, bpd in February 2024, from 1.4 million bpd in January 2024. Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its March Monthly… Read More
PUNCH
Nigeria’s Agric Exports Facing Rejections Overseas – WTO DG
The World Trade Organization says Nigeria has lost its leading position in the agriculture export markets because its agricultural commodities do not meet the sanitary and phytosanitary requirements of the foreign markets. According to WTO, despite the abundance of arable lands and increased investments, the nation has… Read More
POLITICAL HEADLINES
THISDAY
Tinubu Meets Akpabio, Jibrin After Senate Suspends Ningi Over Budget Padding Allegation
President Bola Tinubu, yesterday, met behind closed-doors with President of the Senate, Senator Godswill Akpabio, and his deputy, Senator Barau Jibrin, soon after the senate suspended Senator Abdul Ningi over his allegation that the upper chamber padded the 2024 national budget. But Ningi’s suspension flies in the face of legal precedent… Read More
PUNCH
Justify N3.25tn Security Budget, Reps Tell NSA
The House of Representatives, on Tuesday, called on the Office of the National Security Adviser to coordinate intelligence and security operations in the country, particularly in Kaduna State, following last week’s abduction of over 200 students in the Chikun Local Government Area of the state by suspected bandits. The lawmakers also… Read More
TECHNOLOGY HEADLINES
PUNCH
UK To Honour African Tech Startups
The United Kingdom’s Department for Business and Trade has announced the official opening of its Unicorn Kingdom: Pathfinder Awards targeted at start-up companies specializing in Artificial Intelligence, Connected & Automated Mobility Technology, Cyber Security and Digital Trade Solutions from across Africa. In a statement signed… Read More